Eureka's Monthly #1
Our first official newsletter
Dear All,
this is our first official newsletter! What a great excitement!
These have been busy months for us and we think that it is valuable to update you on our Eureka!’s world.
We will focus on Eureka! Fund’s and Blacksheep Fund’s new investments with the latest developments on our portfolio companies, talk about recent events and introduce our new team member.
We hope you enjoy the reading!
With warm regards,
Team EUREKA! Venture SGR
New Investments
We are delighted to announce that “Eureka! Fund I - Technology Transfer” have invested in Novac S.r.l. alongside Motor Valley Accelerator powered by CDP Venture Capital SGR & Plug&Play.
Novac, an Emilian startup working on supercapacitors for electric mobility, has completed its first pre-seed round of € 412k.
Thanks to new resources, Novac will concentrate on the development of innovative technology, focusing on the creation of solid-state supercapacitors for more environmentally sustainable storage systems.
Unlike competitors, focusing on the use of low-cost carbon electrodes and dangerous liquid electrolytes, Novac plays as a game changer as it matches the performance of commercial supercaps and it is able to provide specific features: the supercaps are modular and multifunctional.
These features mark a big change as they give the chance to integrate supercapacitors in electric vehicles such as e-bikes, electric scooters and drones.
Portfolio Highlights
Eureka! Fund I
Caracol AM, specialized in advanced large robotic Additive Manufacturing service solutions, offering customized design-to-production 3D printing solutions to different industries, recently hosted by Venice Lagoon Plastic Free for the international workshop Removal of Marine Litter and Circular Economy. Caracol has brought its point of view on how they're pushing for circular economy and plastic recycling in the marine sector through additive manufacturing.
Caracol AM team have been working on Terrain, a project designed by Hsiang Han Design, which is inspired by nature and concentrates on exploring bionics to combine with technology. The installation was hosted at Certosa Initiative during the Milan Design Week (June 7-12).
The Co-founder and CEO Francesco De Stefano was part of the panel From Low Orbit to Deep Space at the Stati Generali della Space Economy organized by Forbes Italia with BFC Media. Francesco highlighted the strategic impact of the additive manufacture applied to space.
Endostart S.r.l., focused on the development and manufacture of a new generation of medical devices for gastrointestinal endoscopy, completed a € 8.2 Mln investment round with the participation of Kairos Ventures ESG One. Eureka! Fund invested in 2021 alongside Panakes, Lift-T, Progress Tech Transfer and HTH.
Endostart s.r.l. launched its Endorail at the European Society Gastrointestinal successfully in April. The study conducted by Prof. Alessandro Repici at Humanitas Research Hospital, shows the capability of Endorail to solve the issues linked to incomplete colonoscopy and to save time, thanks to the use of a novel magnetic anchoring system. Read more.
Blacksheep Fund
iD Ward, an English identity management startup, is considered a disruptive change in today's market evolution since it allows to persistently identify consumers in full respect of their privacy.
ID Ward has developed a technology that allows, after consumers’ consent, to identify consumers by replacing personal data with anonymous ones. This is a new approach to the spread of data, which is no longer based on third-party data (such as cookies and fingerprints), but on edge/on-device profiling; data never leave consumers’ devices and they are not accessible either to third parties and to ID Ward itself.
Our MadTech Team at BlackSheep Fund decided to invest in this project alongside SyndicateRoom’s Super Angel Fund and UK Angel investors: in February 2022 ID Ward closed a € 1.1 Mln funding round.
The marketing industry of the future must respect consumer privacy and preserve performance for the marketer. The adoption of an independent solution based on anonymised data can be the foundation of a new, open marketing ecosystem. Read more.
Scibids, a Paris-based company with a global presence, has developed a unique AI-based intelligence layer, which acts as a virtual trader on top of Demand-Side Platforms (DSPs) driving a step-change performance and scale independently. Scibids AI sorts through as many as 22 million variables – such as geography, gender, and site placements – to automatically build thousands of highly granular buying strategies in the DSP. That process is carried out with a privacy-first approach, since it has never relied on third-party cookies, PII, or other digital identifiers.
Blacksheep Fund invested € 2 Mln in Scibids, in order to increase Scibids' business in preparation of future rounds to achieve global leadership.
Scibids was recently named to the AdExchanger 2021 Programmatic Power Players list; finalists for the Most Effective Programmatic Partnership in the UK-Based Drum Awards for Digital Advertising in 2021 for their collaboration with Dell, WPP's Mediacom, and Nielsen; was recognized as the Best Overall Technology for Programmatic Trading by The Drum APAC in 2020, and was shortlisted for Best Digital Campaign in partnership with Publicis' Zenith and Nestle in The Wires Global 2020 by UK-based ExchangeWire.
Meet up with Eureka!
Our CEO Stefano Peroncini attended the event Primavera dell’Innovazione, on May 19 in Turin, organized by Fondazione E. Amaldi and Consorzio di ricerca Hypatia. The main topics of the event were technology transfer and the new space economy. Thanks to EconomyUp - Digital360, Stefano Peroncini took the opportunity to write an article on Eureka’s blog and shared numbers and curiosities from the world of space, which is going to be a growth sector in the next few years - to date, the space industry is worth about $ 420 Bln. Read more.
On May 18 Anna Amati took part in StartUpPlay, an event organized remotely by NAStartUp, to talk about startups, venture capital and innovation. Find out more on Eureka!’s Youtube Channel.
Save the Date! On June 27 our CEO Stefano Peroncini will be part of the round table at Tech Transfer Day organised by CDP Venture Capital in Genoa. A full day will be dedicated to the role of scientific research in robotics. If you like to learn more about it, please sign up to follow the live streaming.
Catch up with the team
We are happy to welcome Giulia Turra in our team, our new Office Manager & Executive Assistant.
Giulia graduated in Foreign Languages and Literature at the University of Bergamo, with a Master’s Degree in Hospitality, Tourism and Management from IULM.
Giulia has extensive experience in supporting Management and Corporate events, gained over the course of her professional career.
She started as a Personal Assistant with a prestigious law firm in Milan, and then continued in the field of Consultancy as an Executive Assistant with EY S.p.A.. Before joining EUREKA!, Giulia worked for Asensus Surgical (an American robotics company) as an Executive Assistant and an Events Coordinator. Giulia speaks three languages, has strong interpersonal skills and intercultural awareness.
Congrats on the new role!
Things Worth to Share
We are so excited to announce that we have recently created our YouTube channel! We will do our best to keep you posted with all the brand-new stuff.
To start, have a look to the latest: In Italia è iniziata la rivoluzione del deep tech - Dealflower.
That’s all for today!
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This is a good newsletter!